Desarrollo y economías emergentes Macroeconomía

Trade openness effects on informality and the real exchange rate channel

2018

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The theoretical frameworks that explain the impact of trade openness on informal employment suggest an ambiguous effect. This has been verified in a few countries, based solely on microeconometric evidence. This study contributes to the literature by specifying a macroeconometric relationship for a panel of 17 Latin American countries.

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